Locked content Budimex lands two contracts worth over PLN 285 mln

Listed builder Budimex submitted a winning bid for road construction (second and third stages) in the city of Białystok, the company informed in a market filing. The total value of both agreements stands at PLN 285.9 million. The builder has to finish the works within 21 months from the signing of c...

Locked content Echo Investment announces its strategy

Real estate developer Echo Investment has announced its new strategy for the next few years, which assumes a focus on development activity in Poland and achieving the dominant position in the office, retail and residential sectors. “We have been transforming from an investment and development ...

Locked content mBank supports Atal with PLN 20 mln loan

Real estate developer Atal has obtained a loan of PLN 20 million from commercial lender mBank, the company informed in a statement. The developer intends to use the funds to finance its Atal Malta estate in Poznań, which will comprise about 130-140 apartments. The loan must be repaid by September 28...

Locked content Ferrari leases space at Warsaw’s Tower Investments

Italian sports car manufacturer Ferrari has signed a letter of intent with Tower Investments on leasing a 2,000 sqm at Auto SIM luxury car showroom, the companies informed in a statement. Tower Investment bought a 3,000 sqm area for the project on ul. Przyczółkowa (Warsaw’s Wilanów district) i...

Locked content Robyg to trade PLN 100 mln bonds on Catalyst

The board of the Warsaw Stock Exchange has announced that real estate developer Robyg will start trading 100,000 S series bonds on the alternative market, Catalyst, on Wednesday, August 28, 2016. The value of each bond stands at PLN 1,000, the bourse informed. Robyg is a real estate developer operat...

Locked content Rockcastle receives €163.6 mln financing

Mauritius-based investment fund Rockcastle has obtained €163.6 million financing for three shopping centers: Karolinka, Pogoria and Platan. The transaction closed in September 2016, when Deutsche Pfandbriefbank, Helaba and ING Bank have jointly underwritten an investment facility. The shopping centr...

Locked content Ronson sold over 50% of City Link units

Real estate developer Ronson Development has sold more than a half of the 485 apartments available in its City Link estate in the Warsaw district of Wola, the company informed in a market filing. The first two stages of the investment (301 apartments) are expected to be completed in Q2 2017, while t...